Tag: debt

family in front of new home

Once you achieve the American Dream, you’ve made it, right? Society says you must have 2.5 kids and a home with a white picket fence to achieve this dream. If you’re in debt, this ideal American life may seem impossible to achieve, which can be discouraging. Buying a house is one of the more difficult achievements, especially if you have massive debt. But that doesn’t mean it’s completely out of reach. It’s still possible to buy a house if you’re already in debt.
Even if you currently have too much debt to get a mortgage approved, these tips will get you closer to a home of your own:

dressed in costumes dancing and playing together

Every store you go into in October is filled with Halloween themed décor, food, and candy for sale. Putting your mortgage, rent, and other monthly payments before Halloween festivities is not always an easy task. Especially when you see everyone all over social media buying pumpkins and attending expensive Halloween attractions.  

Studies show that Americans are expected to spend $9 billion on Halloween candy, costumes, and decorations alone. This is a very large amount since American household debt has reached over $13 trillion this year. The average consumer is found to spend $169.81 each on Halloween festivities, which can be out of reach while paying off debt.

5 mistakes to avoid while paying off debt

If you’re paying down your debt, then you know it is a challenging task. It may become tempting to look for ways to cut corners, however these options may cost you more time and money. Mistakes during debt payoff occur often and can sabotage the efforts you’ve made to improve your financial life.

A wedding cake topper showing a groom and bride with one hundred dollars

Did you know that financial problems are among the leading causes of divorces? Unfortunately, some couples don’t necessarily pay attention to that critical part of the vow – “For richer and for poorer.”

But the good news is that most money-related problems couples face are totally avoidable. It just takes being willing to listen to sound financial counsel.

The following includes some tried-and-true tips New Era Debt Solutions believe newly married couples can use to start out on a strong foundation – both financially and relationship-wise: